Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Uber Technologies Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue	13,467)	12,651)	11,533)	11,959)	11,188)	10,700)	10,131)	9,936)	9,292)	9,230)	8,823)	8,607)	8,343)	8,073)	6,854)	5,778)	4,845)	3,929)	2,903)	3,165)	2,813)	1,913)	3,248)
Cost of revenue, exclusive of depreciation and amortization	(8,109)	(7,611)	(6,937)	(7,234)	(6,761)	(6,488)	(6,168)	(6,057)	(5,626)	(5,515)	(5,259)	(5,307)	(5,173)	(5,153)	(4,026)	(3,104)	(2,438)	(2,099)	(1,710)	(1,441)	(1,298)	(924)	(1,491)
Gross profit	5,358)	5,040)	4,596)	4,725)	4,427)	4,212)	3,963)	3,879)	3,666)	3,715)	3,564)	3,300)	3,170)	2,920)	2,828)	2,674)	2,407)	1,830)	1,193)	1,724)	1,515)	989)	1,757)
Operations and support	(735)	(696)	(668)	(678)	(687)	(682)	(685)	(702)	(683)	(664)	(640)	(605)	(617)	(617)	(574)	(547)	(475)	(432)	(423)	(369)	(365)	(582)	(503)
Sales and marketing	(1,277)	(1,210)	(1,057)	(1,209)	(1,096)	(1,115)	(917)	(935)	(941)	(1,218)	(1,262)	(1,122)	(1,153)	(1,218)	(1,263)	(1,262)	(1,168)	(1,256)	(1,103)	(1,038)	(924)	(736)	(885)
Research and development	(862)	(840)	(815)	(785)	(774)	(760)	(790)	(784)	(797)	(808)	(775)	(747)	(760)	(704)	(587)	(558)	(493)	(488)	(515)	(483)	(493)	(584)	(645)
General and administrative	(1,183)	(669)	(657)	(1,114)	(630)	(686)	(1,209)	(603)	(646)	(491)	(942)	(745)	(908)	(851)	(632)	(611)	(625)	(616)	(464)	(531)	(711)	(565)	(859)
Depreciation and amortization	(188)	(175)	(171)	(169)	(179)	(173)	(190)	(203)	(205)	(208)	(207)	(223)	(227)	(243)	(254)	(246)	(218)	(226)	(212)	(180)	(138)	(129)	(128)
Income (loss) from operations	1,113)	1,450)	1,228)	770)	1,061)	796)	172)	652)	394)	326)	(262)	(142)	(495)	(713)	(482)	(550)	(572)	(1,188)	(1,524)	(877)	(1,116)	(1,607)	(1,263)
Interest expense	(112)	(108)	(105)	(117)	(143)	(139)	(124)	(155)	(166)	(144)	(168)	(151)	(146)	(139)	(129)	(130)	(123)	(115)	(115)	(118)	(112)	(110)	(118)
Other income (expense), net	1,619)	162)	262)	256)	1,851)	420)	(678)	1,331)	(52)	273)	292)	767)	(535)	(1,704)	(5,557)	1,471)	(1,832)	1,943)	1,710)	63)	151)	(44)	(1,795)
Income (loss) before income taxes and income (loss) from equity method investments	2,620)	1,504)	1,385)	909)	2,769)	1,077)	(630)	1,828)	176)	455)	(138)	474)	(1,176)	(2,556)	(6,168)	791)	(2,527)	640)	71)	(932)	(1,077)	(1,761)	(3,176)
(Provision for) benefit from income taxes	4,046)	(142)	402)	6,002)	(158)	(57)	(29)	(133)	40)	(65)	(55)	84)	(58)	(77)	232)	97)	101)	479)	(185)	(23)	(23)	(4)	242)
Income (loss) from equity method investments	(14)	(12)	(13)	(10)	(12)	(12)	(4)	5)	3)	4)	36)	42)	30)	17)	18)	(9)	(13)	(7)	(8)	(7)	(8)	(7)	(12)
Net income (loss) including non-controlling interests	6,652)	1,350)	1,774)	6,901)	2,599)	1,008)	(663)	1,700)	219)	394)	(157)	600)	(1,204)	(2,616)	(5,918)	879)	(2,439)	1,112)	(122)	(962)	(1,108)	(1,772)	(2,946)
Net (income) loss attributable to non-controlling interests, net of tax	(26)	5)	2)	(18)	13)	7)	9)	(271)	2)	—)	—)	(4)	(2)	15)	(12)	13)	15)	32)	14)	(6)	19)	(3)	10)
Net income (loss) attributable to Uber Technologies, Inc.	6,626)	1,355)	1,776)	6,883)	2,612)	1,015)	(654)	1,429)	221)	394)	(157)	596)	(1,206)	(2,601)	(5,930)	892)	(2,424)	1,144)	(108)	(968)	(1,089)	(1,775)	(2,936)

Revenue Trends: Revenue exhibited significant growth over the analyzed periods, beginning at 3,248 million USD and increasing to 13,467 million USD by the last quarter. This upward trend is consistent, with occasional acceleration in growth, particularly after the first quarter of 2021. The revenue more than quadrupled during the timeframe, indicating strong business expansion and market demand.
Cost of Revenue and Gross Profit: The cost of revenue, excluding depreciation and amortization, rose substantially from -1,491 million USD to -8,109 million USD, reflecting higher operational expenses in line with the revenue growth. Despite this, gross profit consistently increased, starting at 1,757 million USD and reaching 5,358 million USD at the end. This suggests effective control over gross margins, with profitability at the gross profit level improving moderately throughout the period.
Operating Expenses: Operational and support costs showed a gradual increase but were relatively stable compared to the rise in revenue and gross profit. Sales and marketing expenses fluctuated with a slight upward trend until late 2022, after which some volatility appeared. Research and development expenses maintained a more stable pattern with a modest upward trend, suggesting ongoing investment in innovation. General and administrative expenses varied markedly, with some spikes, especially notable increases in the last few quarters, indicating potential scaling or restructuring costs.
Depreciation and Amortization: Depreciation and amortization expenses increased from -128 million USD to a peak around -246 million USD, then slightly decreased and stabilized. This pattern might reflect investment in fixed assets followed by a period of stabilization or disposal.
Operating Income: There was a noticeable turnaround in income from operations. Initially, operating losses were substantial, as high as -1,607 million USD, but over time these losses diminished and shifted to positive figures, peaking at 1,450 million USD during the period. This indicates significant improvements in operational efficiency or profitability.
Interest Expense: Interest expense remained relatively stable throughout the quarters, fluctuating slightly around -110 to -170 million USD, showing consistent financing costs.
Other Income and Expense: Other income and expense showed extreme volatility, ranging from large gains (e.g., 1,943 million USD) to significant losses (-5,557 million USD). This volatility is likely due to non-operational factors such as investment gains or losses, indicating exposure to financial or market risks outside core operations.
Pre-tax Income and Tax Provisions: Income before income taxes and equity method investments went from significant losses in early periods to positive gains towards the end, demonstrating improving overall profitability. Tax provisions were inconsistent, sometimes showing substantial benefits, particularly a notable 6,002 million USD benefit in one quarter, which appears extraordinary and suggests unusual or one-off tax related items impacting net results.
Net Income Trends: Net income showed initial substantial losses, with figures such as -2,946 million USD, gradually shifting to profits in later periods, reaching up to 6,626 million USD. This trend highlights a strong recovery and improved financial health, with net profitability achieved and sustained over recent quarters.
Non-controlling Interests: Net income attributable to non-controlling interests exhibited variability but did not show a clear trend, indicating minor impact on overall profitability relative to the parent entity.
Overall Financial Performance: The data reflects a transformation from significant operating and net losses to consistent profitability. Revenue growth outpaced increases in cost of revenue and operating expenses, facilitating positive operating income and net earnings. The company appears to have improved operational efficiency and managed expenses better over time, although volatility in other income/expense and tax benefits require consideration when assessing sustainable profit levels.

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Uber Technologies Inc. (NYSE:UBER)

Income StatementQuarterly Data

Income Statement
Quarterly Data